Egyptian Investment Minister Ashraf Salman said the government seeks to keep the country's tax policies for the coming ten years unchangeable to create some kind of tax stability that would help local and foreign investors set their investment strategies.
Introducing amendments more than once to tax laws harms the investment climate, Salman said on the sidelines of his participation in the EFG Hermes' 11th Annual One-on-One Conference in Dubai.
He said there is a progress in foreign investment rate as it hit in January and February of 2015 alone 1.08 billion dollars against 2.8 billion dollars in the entire 2014 and 3 billion dollars in 2013.
He expected the volume of foreign investments to rise to 8 billion dollars this year in light of the major national projects currently being raised at the bourse and the new laws regulating investments.
He said the government has been holding several meetings over the past few weeks to settle investors' problems and it succeeded to a large extend in removing them.
He said the government also seeks to cut down budget deficit to 10.5 percent.
GMT 19:07 2018 Friday ,14 December
Lebanese PM flags up Saudi investment potential, financial tiesGMT 21:16 2018 Thursday ,13 December
Egypt, Algeria sign MoU to increase trade exchangeGMT 12:33 2018 Sunday ,09 December
Egypt's decision to adjust customs' duties on luxury goods to benefit economyGMT 21:03 2018 Wednesday ,05 December
Bahrain's economic delegation concludes successful India visitGMT 10:58 2018 Sunday ,02 December
Egypt’s total public investments record EGP 72 bln in Q1GMT 14:23 2018 Friday ,30 November
Saudi Arabia pledges $50 million to UNRWAGMT 20:20 2018 Thursday ,29 November
Japan funds project to enhance water quality project in Palestinian townGMT 09:50 2018 Wednesday ,28 November
Egypt, Saudi Arabia to strengthen economic ties in coming phaseMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor